Price rises in Southern European rebar market limited by absence of Algeria

The Southern European rebar export market has seen limited price rises over the past week amid a lack of activity, sources told Metal Bulletin on Wednesday March 22.

"[There is] great discomfort among Italian rebar producers [due to the lack of] activity from Algeria, [as the Italians have few] alternatives," a trader said.

The key destination for long steel products from Southern Europe, Algeria's import quotas for 2017 have not been announced yet and the distribution of import licences has been delayed,...

Published

March 22, 2017

18:19 GMT

London